$64.080
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Noticias de GRBK
Eventos de GRBK
Green Brick Q3 Revenue at $437M, Below Consensus
Reports Q3 revenue $437.0M, consensus $467.0M. Reports Q3: Net new home orders of 926, up 3% year over year; New home deliveries of 978, up 3% year over year; Homebuilding gross margins of 28.0%; Backlog of 629 homes with a dollar value of $379 million; Home closing revenue of $437 million; Book value of $46.10 per share increased 14% year over year. Jim Brickman, Co-CEO and Co-Founder said, "Our third quarter results demonstrate the resilience of Green Brick's differentiated operating model in a challenging housing environment. Despite continued affordability pressures, broader economic uncertainty and an increasing rate environment, demand across our markets remained resilient as buyers responded to our incentive strategy and attractive product offerings, particularly within Trophy Signature Homes. We continue to respond to deteriorating market conditions to maintain sales pace. Net new home orders of 926 was a 3% increase from the prior year, our sales pace declined slightly to 2.8 sales per community, and our cancellation rate was relatively low at 8.2%. While incentives on the company's growing new orders were elevated at 11% we were still able to maintain industry leading gross margins of 28.0%. We believe these results demonstrate the value of our communities and the ability of our operators to balance price, pace and profitability as market conditions evolve."
Green Brick Partners Appoints Jed Dolson as Co-CEO
The Green Brick Partners' Board of Directors announced that as part of its long-term succession planning process, Jed Dolson, Chief Operating Officer, COO, and President, will be promoted to Co-Chief Executive Officer, co-CEO, on October 15, 2026. Dolson joined Green Brick Partners in 2013 as the Head of Land Acquisition and Development.
Q2 Revenue Reaches $493.84M, Beating Consensus
Reports Q2 revenue $493.84M, consensus $473.3M. Reports acklog of 681 homes with a dollar value of $387M and new home deliveries of 1,047. Net new home orders increased 19% year over year to 1,079 units.
Jim Brickman: First Sales in Houston Market
Jim Brickman, CEO and co-founder said, "The new home market remains challenging as mortgage rates increased during the quarter and consumer confidence remains challenged for many of our consumers. We achieved strong results in Q1 despite these continuing headwinds, which we believe is a testament to our disciplined approach to managing incentives and price to maintain sales pace. We also are pleased to announce the milestone of our first sales in the Houston market."
Company Reports Q4 Revenue of $552.61M, Exceeding Expectations
Reports Q4 revenue $552.61M, consensus $477.5M. Jim Brickman, CEO and co-founder said, "We delivered strong fourth quarter results despite ongoing affordability challenges faced by many buyers and softening consumer confidence. In our pursuit to maximize shareholder value, our management team's continued focus and operating discipline once again resulted in peer-leading gross margins and top-tier returns, including achieving the best year in company history with regards to new home deliveries and home closings revenue. I would like to thank our team for their dedication and efforts that helped us reach these milestones in a year in which homebuilders faced significant headwinds."
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